20 NW 16th Ave
PortlandOR97209
Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portland area of Portland.
1631 NW Everett St
PortlandOR97209
1829 NW LOVEJOY
PortlandOR97209
1410 SW 11th Ave
PortlandOR97201
111 SW Harrison St, Unit 5C
111 SW Harrison St
PortlandOR97201
1260 NW Naito Pkwy
PortlandOR97209
111 SW Harrison St
PortlandOR97201
1811 NW Couch St, Unit 312
1811 NW Couch St
PortlandOR97209
930 NW Naito Pky, Unit K5
930 NW Naito Pky
PortlandOR97209
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
Showing Results 1-9, Page 1 of 1
Downtown Portland, Portland, OR Local Guide
How much does it cost to rent a home in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland 2 Bedroom Homes for Rent | $3,375 | $1,950 | $5,250 |
| Downtown Portland 3 Bedroom Homes for Rent | $3,207 | $2,500 | $3,995 |
| Downtown Portland 4 Bedroom Homes for Rent | $9,100 | $3,200 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, OR.
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Downtown Portland, Portland, OR Local Guide
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Cheapest Available Downtown Portland Apartments for Rent
The cheapest available apartment rental in the Downtown Portland area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Morrison Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Morrison Park Apartments | Studio - 50% | Studio,1BA | $800 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $802 |
Best Value Apartments for Rent in Downtown Portland, OR
As of March 28, 2025 the best value apartment in the Downtown Portland area is the $2.02 price per square foot 156 Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,550. The second greatest value Downtown Portland apartment is the Two Bedroom Model at Gallery Park Apartments starting at $1,799 with a $1.50 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Downtown Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 140 Sacramento Townhomes | 156 | 3BR,3.5BA | $2.02 |
| Gallery Park Apartments | Two Bedroom | 2BR,2BA | $1.50 |
| Imperial Arms Apartments | 2BR/1.0BA | 2BR,1BA | $1.97 |
| Park Avenue Gardens | 1 Bed 1 Bath | 1BR,1BA | $1.64 |
| Hidwell Apartments | 1BR/1.0BA | 1BR,1BA | $1.68 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.39 |
| Waterleaf | Studio-60% | Studio ,1BA | $2.02 |
| Wellesley Court Apartments | 1BR/1.0BA | 1BR,1BA | $2.02 |
| Brown Apartments | 0BR/1.0BA | Studio ,1BA | $1.99 |
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Frequently Asked Questions about Downtown Portland
What type of rentals are currently available in Downtown Portland?
There are currently 522 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $500 to $26,948. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $925 to $15,000.
What is the current price range for Rental Homes in Downtown Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portland ranges from $925 to $15,000 with an average monthly rent of $3,871.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.